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Using the below European term quotes, calculate the one, three, and six-month forward cross-exchange rates between the Japanese Yen and the British pound. State the

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Using the below European term quotes, calculate the one, three, and six-month forward cross-exchange rates between the Japanese Yen and the British pound. State the forward cross-rates in Japanese terms. UK pound In US$ Per US$ Spot 1.3158 0.7600 1-mos forward 1.3180 0.7588 3-mos forward 1.3218 0.7565 6-mos forward 1.3277 0.7532 Japan yen In US$ Per US$ Spot 0.00897 111.491 1-mos for 0.00899 111.22 3-mos for 0.00903 110.70 6-mos for 0.00910 109.900

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